It’s Getting Hot in Here!

We are now in the full swing of summer trading and it’s not only the temperature that is rising.  We saw a small correction last week that helped fuel the Indexes which are again on a tear trading to new highs almost daily.   This alone could put a smile on the face of any trader looking to make a quick return, however, “All that glitters is not gold”.  As we push to our 2199 target which is in uncharted territory for the S&P; failure to maintain 1950 could provide short sellers another opportunity for quick correction. 

On a side note, better than expected “Expecting Home Sales” could give the currencies a much needed boost in the right direction.

Now, not only does summer mean family vacations and kids out in the street, it also means higher utility bills. But don’t sweat it as the temperature rises, you can hedge your summer cooling bill by taking a look at solar energy.  First Solar (FSLR), SolarCity (SCTY), and SunPower (SPWR) are leading this sector which many constitutes are pushing towards YTD Highs.

 If you’re not into solar power there is a great mixture of energy stocks to invest in.  With the unrest in the Middle East and the use of Natural Gas as an economic noose for Ukraine by Russia; you could see a monetary spill over as many energy providers have reached all-time highs over the last week.  Keeping an eye on the tried and true Anadarko Petroleum (APC), ConocoPhillips (COP) and Chevron (CVX) could prove beneficial during the summer as Crude prices continue to push back up to the $110 mark.

 Keep your eyes on SignalWatch.com, fill up your tank and head to the beach and enjoy the summer trading wave.